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REGISTERED NUMBER: 12666795 (England and Wales)















S&M Property Management Ltd

Unaudited Financial Statements for the Year Ended 30 June 2023






S&M Property Management Ltd (Registered number: 12666795)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S&M Property Management Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr S W R Millett
Mr C T Saker





REGISTERED OFFICE: St Mary's House
Crewe Road
Alsager
Stoke-on-Trent
ST7 2EW





REGISTERED NUMBER: 12666795 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

S&M Property Management Ltd (Registered number: 12666795)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 518,846 294,678

CURRENT ASSETS
Cash at bank and in hand 6,887 28,966

CREDITORS
Amounts falling due within one year (1,442 ) (883 )
NET CURRENT ASSETS 5,445 28,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,291

322,761

CREDITORS
Amounts falling due after more than one
year

(502,630

)

(306,186

)
NET ASSETS 21,661 16,575

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 21,659 16,573
SHAREHOLDERS' FUNDS 21,661 16,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S&M Property Management Ltd (Registered number: 12666795)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr C T Saker - Director


S&M Property Management Ltd (Registered number: 12666795)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

S&M Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 294,678
Additions 191,320
Revaluations 32,848
At 30 June 2023 518,846
NET BOOK VALUE
At 30 June 2023 518,846
At 30 June 2022 294,678

S&M Property Management Ltd (Registered number: 12666795)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 104 105,967
Valuation in 66 115,651
Valuation in 82 100,000
Valuation in 66 87,228
Valuation in 1111 110,000
518,846

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Loans due over one year 332,430 196,680

Loans over one year are secured by a fixed charge over the investment properties known as;
104 Oxford Road, Stoke on Trent. ST6 6TD
66 Hoskins Road, Stoke on Trent. ST6 5NF
82 Louise Street, Stoke on Trent. ST6 1BG
60 Madison Street, Stoke on Trent ST6 5HT
St Ives, Mynors Street, Stoke on Trent ST1 2DJ